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Guideline Value

Corporate

Guideline Value for Saraswathipuram 1st Main Road

₹2860/sq.ft.

The guideline value for Saraswathipuram 1st Main Road in Thiruneermalai village (Pammal SRO, Chengalpattu zone) is Rs 2860 per sq.ft, effective 1 July 2024. It was Rs 2600 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Thiruneermalai

Village

Pammal

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2860 /sq.ft.
From 1-4-2023 ₹2600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1742 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹810 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹238 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Saraswathipuram 1st Main Road

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Saraswathipuram 1st Main Road guideline value

The current guideline value of Saraswathipuram 1st Main Road is Rs 2,860 per sq.ft, effective from 1 July 2024. This road is located in Thiruneermalai village under the Pammal SRO, classified as Commercial Class I Type - I.

How the guideline value of Saraswathipuram 1st Main Road has changed

The guideline value for Saraswathipuram 1st Main Road has undergone several revisions over the years. The earliest recorded figure is from 2003, where it was Rs 238 per sq.ft. This increased to Rs 810 per sq.ft in 2007, marking a significant rise of 240%. In 2017, the value further increased to Rs 1,742 per sq.ft, reflecting a 115% change from the previous revision. The 2023 revision set the value at Rs 2,600 per sq.ft, a 49% increase from 2017. The most recent revision in 2024 has raised the guideline value to Rs 2,860 per sq.ft, which is a 10% increase from 2023.

It is important to note that there are no recorded figures for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1102%.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft, with a median value of Rs 2,420 per sq.ft. The guideline value of Saraswathipuram 1st Main Road is above this median.

Stamp duty and registration fee for property in Saraswathipuram 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value would be Rs 28,60,000. The stamp duty at 7% would amount to Rs 2,00,200, while the registration fee at 2% would be Rs 57,200, bringing the total to Rs 2,57,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Saraswathipuram 1st Main Road?

The Saraswathipuram 1st Main Road falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruneermalai

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruneermalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Saraswathipuram 1st Main Road?

The current guideline value of Saraswathipuram 1st Main Road is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 238 per sq.ft in 2003 to Rs 2,860 per sq.ft in 2024, representing an overall increase of 1102% over the years.

What are the stamp duty and registration fees for a property on this road?

For a 1,000 sq.ft plot, the total guideline value is Rs 28,60,000. The stamp duty would be Rs 2,00,200, and the registration fee would be Rs 57,200, totaling Rs 2,57,400.

Which office handles registrations for this area?

The Pammal Sub Registrar Office handles registrations for Saraswathipuram 1st Main Road, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Where can I find more information about guideline values in Thiruneermalai?

For more information about guideline values in Thiruneermalai, you can refer to the registration department's guideline value register or visit the Pammal SRO.